Tax Break for Breweries Vetoed by Kentucky Governor (1)

Kentucky Gov. Andy Beshear (D) vetoed what he called an “overly broad” tax code change for alcohol producers that was included in the state’s fiscal 2021 budget package.

The provision Beshear objected to would have treated breweries and distilleries like other manufacturers in Kentucky, letting them qualify for a “new and expanded industry credit” sales tax exemption for equipment at taprooms—locations that both make and serve beverages.

Beshear on Monday also vetoed budget provisions that would have conformed the state’s tax code to IRS partnership auditing rules (TD 9844) and established a tax credit for converting waste ...